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The USDA Foreign Agricultural Service expects Australia to harvest its largest barley crop on record, at about 15.5 million tonnes, and its second-largest wheat crop, at 37 million tonnes, in 2025-26. Western Australia's production recovered after a late, dry start, and national yields are forecast near record levels.
Wheat exports are forecast at 27 million tonnes.
A record Australian barley crop and large wheat exports add supply to Asian feed and malting markets, which pressures wheat and barley prices.
world-grain.comSusan ReidyJan 22, 2026After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
